Creepy (no, seriously) 1980s villain John McAfee has 812,000 Twitter followers, some of whom are not bots, and for the low price of $105,000, he will tweet to them about your cryptocurrency. Read the rest
In An Empirical Analysis of Traceability in the Monero Blockchain, a group of eminent computer scientists analyze a longstanding privacy defect in the Monero cryptocurrency, and reveal a new, subtle flaw, both of which can be used to potentially reveal the details of transactions and identify their parties. Read the rest
Saleem Rashid is a 15 year old self-taught British programmer who discovered a fatal defect in the Ledger Nano S, an offline cryptocurrency wallet that is marketed as being "tamper-proof." Read the rest
The epidemic of cryptojacking malware isn't merely an outgrowth of the incentive created by the cryptocurrency bubble -- that's just the motive, and the all-important the means and opportunity were provided by the same leaked NSA superweapon that powered last year's Wannacry ransomware epidemic. Read the rest
The creation of "public ledgers" -- like blockchain, popularized by Bitcoin -- requires "consensus algorithms" that allow mutually untrusted, uncoordinated parties to agree on a world-readable, distributed list of things (domain names, transactions, title deeds, etc), something that cryptography makes possible in a variety of ways. Read the rest
Salon announced this week that visitors who insist on using an ad blocker must either disable it or mine cryptocurrency for the site.
For our beta program, we’ll start by applying your processing power to mine cryptocurrencies to recoup lost ad revenue when you use an ad blocker. We plan to further use any learnings from this to help support the evolution and growth of blockchain technology, digital currencies and other ways to better service the value exchange between content and user contribution.
Your unused processing power are the resources you already have but are not actively using to it’s full potential at the time of browsing salon.com. Mining uses more of your resources which means your computer works a bit harder and uses more electricity than if you were just passively browsing the site with ads.
Who will be the first to sue Salon, claiming the mining software melted their laptop? Read the rest
Technological limitations in the design of the Bitcoin system means that the network only processes about seven transactions per second, unless you pay someone with a lot of compute-power to log your transaction, currently at the rate of about $20/transaction. Read the rest
The U.S. Securities and Exchange Commission today pledged to aggressively scrutinize publicly-traded companies that suddenly change their name or their business model to try to profit from the nutty hype surrounding cryptocurrency. SEC Chairman Jay Clayton threw this wet towel on the blockchain bubble Monday. Read the rest
The latest launch from Japanese entertainment corporation Cinderella Academy is Kasotsuka Shojo "Virtual Currency Girls," who are billed as the first cryptopop band. Read the rest
Theodora is a "financial dominatrix," a woman who sexually gratifies rich and powerful men by humiliating them with orders to give her money; in the age of cryptocurrency, she says her clients are now operating a "crypto slave farm" of cryptocurrency mining rigs built to her specification, which mine bitcoin and other cryptocurrencies for her. Read the rest
It seems whatever you're into, there's an ugly holiday sweater for it. Now, with the rise in interest in cryptocurrency, there's a collection of machine-knit "ugly crypto sweaters" available. For $59.99 apiece, you can show your (ironic?) pride for Bitcoin, Ethereum, Litecoin, Monero, or Neo this winter. See them all over at Hodlmoon.
After Digiconomist's analysis of the total energy consumption of the Bitcoin transactions on the blockchain went viral, Timothy Lee at Ars Technica provides a much-needed reality check in the form of some technical detail and nuance about what that energy consumption means, and where it might go. Read the rest
It was a hell of a ride. Peaking at nearly $11,400 earlier this week, Bitcoin's value dropped by a fifth Thursday, deflating the cryptocurrency's explosive growth since last year. Reuters:
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One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times.
“Naturally a few of the early bitcoin traders are taking some profits off the table,” said Charles Hayter, founder of CryptoCompare.com.
“Volatility is in the market at the moment and that means both positive and negative moves.”
The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 percent year-to-date on Wednesday. As of 1500 GMT on Thursday, it was still up around 880 percent.
Shaun Bridges is the disgraced ex-Secret Service Agent who pleaded guilty to stealing bitcoin from online drug dealers while he was investigating the Silk Road; he's serving a 71-month sentence and has just had two years added to it after he pleaded guilty to stealing more bitcoin after his guilty plea, while he was out on bail Read the rest
Didi Taihuttu expects the price of bitcoin will soar, so much so that he’s selling his house, car, and other valuables to obtain even more of it.
Now, 39-year-old Taihuttu is living at a campsite with his wife and three children, waiting till 2020 for his investment in cryptocurrency to pay off, according to Business Insider.
The cramped living space may be a bit different from the four-bedroom home the Taihuttu family, from the Netherlands, was used to, but since the house was sold under reservation partly for bitcoin in August, the value of a single bitcoin has gone from $3,700 to $4,800.
“At first my wife doubted the decision, wondering if it was the right decision for our kids — as did my brother and sister... but they are now supportive of the plan," Taihuttu told Newsweek.
Via Business Insider:
Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society.
With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions.
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”